The cell phone division of a multinational corporation has granted its research and development department funds to create new technologies to ensure the organization stays ahead of its competitors in the market. This decision by the cell phone division is an example of the organization's _____ strategy.Multiple Choicetop-levelbusiness-levelfunctional-leveldepartmental-level
Question
The cell phone division of a multinational corporation has granted its research and development department funds to create new technologies to ensure the organization stays ahead of its competitors in the market. This decision by the cell phone division is an example of the organization's _____ strategy.Multiple Choicetop-levelbusiness-levelfunctional-leveldepartmental-level
Solution
This decision by the cell phone division is an example of the organization's functional-level strategy.
Here's why:
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Top-level strategy: This is the overall plan for the entire organization and encompasses all areas of operation. It's not specific to one department or function.
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Business-level strategy: This is a plan that pertains to one specific business unit or market. It's more specific than a top-level strategy but still not specific to one department or function.
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Functional-level strategy: This is a plan for one specific area or department within the organization. In this case, the cell phone division is granting funds to its research and development department to create new technologies. This is a decision specific to one function within the division, hence it's a functional-level strategy.
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Departmental-level strategy: This is similar to a functional-level strategy, but it's typically used in reference to larger organizations where departments are made up of multiple functions. In this case, the decision is specific to the research and development function within the cell phone division, not the entire department.
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